Ares Capital (ARCC) to Release Earnings on Wednesday

Ares Capital (NASDAQ:ARCC) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Ares Capital to post earnings of $0.58 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. The firm had revenue of $707.00 million during the quarter, compared to the consensus estimate of $669.78 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, analysts expect Ares Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ares Capital Stock Performance

Ares Capital stock opened at $20.74 on Wednesday. The company has a 50 day moving average price of $20.33 and a 200-day moving average price of $19.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.24 and a current ratio of 1.24. Ares Capital has a fifty-two week low of $17.53 and a fifty-two week high of $20.86. The company has a market capitalization of $12.58 billion, a PE ratio of 7.77 and a beta of 1.00.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.26%. The ex-dividend date was Thursday, March 14th. Ares Capital’s dividend payout ratio is presently 71.91%.

Analyst Ratings Changes

A number of equities analysts recently commented on ARCC shares. B. Riley downgraded shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Monday, January 8th. Wells Fargo & Company boosted their price objective on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $21.00 price target on shares of Ares Capital in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.80.

Ares Capital Company Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.